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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (526)	6/11/1999 10:49:00 PM
From: -	Respond to of 18137

<What's your overall view?> KM, Although I believe the Bond fears are overdone, the market is clearly going through a period sputtering on fewer than eight cylinders; it's just choppy right now - it's easy to get cut to peices during times like this. I have exited my swing trade positions (per my post just now on the YHOO thread) and am completely flat in the account. In this kind of market, I am in scalp mode. For example, today I was long and short INTC today four times (one loser) for a quarter - that is my current trading mode. It's best to not ask too much of the market, when it isn't ready to give it to you. Until the market shows more conviction, the only things I'm really looking to ride a bit, are the shorts (with trailing stops, when they're running the sell programs!). I do not buy into the Armageddon scenario, but wouldn't be surprised if the nets don't test their lows from 10 days ago next week. If they go the other way, I'll look to pounce em'.